Description
Settlement calendar for takeover offer to buy shares of SNS Properties and Leasing Limited through acquisition window from August 26 to September 10, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer to buy shares of SNS Properties and Leasing Limited. The acquisition window will be open from August 26, 2025 to September 10, 2025, with settlement date on September 24, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025076)
- Bid Period: August 26, 2025 to September 10, 2025
- Obligation Download: September 23, 2025
- Settlement Date: September 24, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market Type “Takeover” and settlement No. 2025076 to be used in depository system
Regulatory Changes
No new regulatory changes. Process follows existing BSE guidelines for takeover acquisitions through stock exchange as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism available in both depositories
- Securities must be earmarked/blocked in client accounts with requisite market type and settlement number
- No EPN file upload required for CDSL & NSDL early pay-in securities
- Members must complete early pay-in process sufficiently in advance of bidding window closure
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- August 26, 2025: Bid start date
- September 10, 2025: Bid end date
- September 23, 2025: Obligation download
- September 24, 2025: Settlement date
Impact Assessment
This takeover offer specifically affects shareholders of SNS Properties and Leasing Limited. The settlement schedule provides clear timelines for members and custodians to facilitate the acquisition process. Early pay-in requirements ensure proper delivery of securities within the prescribed timeline.
Impact Justification
Company-specific takeover settlement schedule affecting shareholders of SNS Properties and Leasing Limited